Innio N.V. (NASDAQ:INIO – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $24.58 and last traded at $27.2090, with a volume of 7928697 shares changing hands. The stock had previously closed at $27.72.
Analysts Set New Price Targets
A number of research firms have weighed in on INIO. Robert W. Baird assumed coverage on shares of Innio in a report on Monday, June 29th. They set an “outperform” rating and a $50.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Innio in a research note on Monday, June 29th. They issued an “overweight” rating and a $44.00 price objective on the stock. Citigroup assumed coverage on shares of Innio in a research report on Monday, June 29th. They set a “neutral” rating and a $42.00 price objective for the company. Royal Bank Of Canada began coverage on shares of Innio in a research note on Monday, June 29th. They set a “sector perform” rating and a $39.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Innio in a report on Monday, June 29th. They issued a “buy” rating and a $42.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Innio has a consensus rating of “Moderate Buy” and an average price target of $44.60.
View Our Latest Stock Analysis on Innio
Innio Stock Performance
About Innio
INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.
The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.
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